Apr 30, 2024
Net-Zero Industry Act wins support
Policy News
Mar 13, 2024
The Association for Renewable Energy and Clean Technology (REA) is concerned that the Government’s targets to decarbonise power by 2035 are in jeopardy following announcements to support the building of new gas power plants.
To make matters worse the REA said the plants will not attempt to limit emissions at all as they will not be built with carbon capture technology.
The... [Read More]
Policy News
Dec 12, 2023
MEPs and the Spanish Presidency of the European Council have informally agreed on plans to facilitate the uptake of renewable and low-carbon gases including hydrogen on the EU’s gas market.
The regulation informally agreed aims to decarbonise the gas sector and secure supply in order to address both climate change and the disruption of gas flows caused by the Russian... [Read More]
Policy News
Mar 31, 2023
The Government’s Powering Up Britain Strategy has missed the opportunity to recognise the role of renewable liquid gases in the future off-grid energy mix, a trade body has argued.
Liquid Gas UK said although the strategy adopts positive policies, including advancing carbon capture technology and the Industrial Energy Transformation Fund, it does not yet acknowledge... [Read More]
Policy News
Mar 30, 2023
A plan to cut greenhouse gases and lower energy costs by investing in renewable energy and carbon capture technology has been published by the UK government.
The plan includes measures to ensure emissions are net-zero by 2050, mainly by cutting fossil fuel dependence.
Ministers say they want the UK to have the cheapest electricity in Europe by 2050, but admit the strategy... [Read More]
Policy News
Mar 17, 2023
Shell has published its Energy Transition Progress Report 2022, which shows it has again met its climate targets as part of its energy transition strategy.
“In this report, we show the progress we have made towards becoming a net-zero emissions energy business by 2050, as we continue to supply the vital energy the world needs during a time of great volatility," said... [Read More]
Policy News
Mar 7, 2023
The European Commission has adopted the Circular Economy Action Plan (CEAP), which was initially introduced in March 2020. It is one of the main building blocks of the European Green Deal, Europe’s agenda for sustainable growth.
The transition to a circular economy is expected to support the efficient use of natural resources and create sustainable growth and jobs.... [Read More]
Policy News
Dec 19, 2022
INEOS Inovyn has published its second sustainability report outlining its steps to make the industry more sustainable.
The company said it was doing this through its ‘four pillars’ - responsible production, carbon neutrality, circularity and value to society.
With this report, INEOS Inovyn has further acknowledged its responsibility as a world leading PVC producer... [Read More]
Policy News
Nov 14, 2022
International Energy Agency executive director Fatih Birol addressed world leaders on the progress the world has made on clean energy and the challenges it still faces to meet its energy and climate goals.
He delivered a keynote speech last week at the COP27 World Leaders Summit plenary session in Sharm El-Sheikh, Egypt, which was chaired by German Chancellor Olaf Scholz... [Read More]
Policy News
Sep 30, 2022
Neste’s board of directors has approved a merger plan where the company’s wholly-owned subsidiary Neste Engineering Solutions will be merged into Neste Corporation.
The merger took place on 30 September and it will only affect the Finnish operations.
The entire personnel, approximately 750 professionals, will transfer to Neste Corporation.
Contractual rights and... [Read More]
Policy News
Sep 20, 2022
Topsoe has announced its commitment to reach net-zero emissions by 2040 - setting near-and long-term company-wide emission reduction targets.
Through investment in renewable energy technology and changes to production processes, Topsoe aims to reduce operational emissions by 30% in 2024 and at least 95% in 2030, with a transition to 80% renewable power within all the... [Read More]
Policy News
Jul 28, 2022
Clariant announced its second quarter and first half year results where continuing operations sales were CHF $1.301 billion, compared to CHF $1.032 billion in the second quarter of last year.
This corresponded to an increase of 29% in local currency, 25% of which was organic, and 26 % higher sales in Swiss francs.
For the fifth sequential quarter, both pricing and... [Read More]
Policy News
May 26, 2022
ExxonMobil Corp shareholders have backed the energy company's energy transition strategy - voting against most proposals related to accelerating carbon emission cuts, Reuters reported.
Major oil producers in the US and Europe faced less hostile investor votes tied to climate change this year compared to a year ago as energy security and rising fuel prices overshadowed... [Read More]
Policy News
May 10, 2022
The UK Government’s new energy bill should revolutionise the UK’s decentralised energy sector with the introduction of long-awaited regulation for heat networks and the establishment of a Future System Operator (FSO) to oversee electricity and gas markets, said the Association for Decentralised Energy (ADE).
The Queen’s Speech has set out the Government’s policies... [Read More]
Policy News
May 4, 2022
bp intends to invest up to £18 billion (€21 billion) in the UK’s energy system by the end of 2030.
The company said this demonstrated bp’s firm commitment to the UK, and helping the country to deliver on its bold ambitions to boost energy security and reach net-zero.
As one of the largest oil and gas producers in the UK, bp intends to continue investing in... [Read More]
Policy News
Apr 7, 2022
Cleaner and more affordable energy is to be made in Great Britain under bold plans to boost long-term energy independence, security and prosperity.
The UK government’s British Energy Security Strategy sets out how the country will accelerate the deployment of hydrogen, nuclear, wind and solar while supporting the production of domestic oil and gas in the nearer term... [Read More]
Policy News
Mar 31, 2022
Europe can cut its power sector gas consumption in half, reduce energy costs by €323 billion and increase energy independence by 2030 if it rapidly scales up its renewable capacity, according to a new report from Wärtsilä.
To tackle the energy crisis and enable rapid decarbonisation, the technology company is calling on European leaders to implement a monumental... [Read More]
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